Malaysia state bank to comment on outflow

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Asean Affairs 22 January 2011

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Bank Negara Malaysia will provide specific comments on the news report, that Malaysia is ranked fifth among countries that have the most illicit fund outflows, said Prime Minister Datuk Seri Najib Tun Razak.

"It can be many reasons but let Bank Negara provide more specific comments on that," he told reporters after launching the Dana Belia 1Malaysia here Friday.

Najib, who is also the Finance Minister, was asked to comment on an online news report on illicit money outflows from Malaysia based on a report by US-based financial watchdog, Global Financial Integrity.

The report said the illicit money outflow from Malaysia in 2000 was RM67.7 billion (US$22.2 billion), which eight years later, ballooned to RM208 billion (US$68.2 billion).

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ASEAN ANALYSIS

This year in Thailand-what next?

AseanAffairs 04 January 2011
By David Swartzentruber

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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